'Make in India','Make it Kenya' can complement each other: PM Modi

Prime Narendra Modi on Monday said that 'Make in India' and 'Make it Kenya' can become complementary to each other, since both the country share the commitment to make the future of its people.

"We launched Make In India to make India global manufacturing hub. Similarly, you've launched 'Make It Kenya'. Two can become complementary since our commitment is to make the future of the people and since the people are largely the same," he said.

Addressing a large number of people in the India-Kenya business summit forum, Prime Minister Modi said India is the fastest growing economy and is improving its ranking in various global indicators.

"India is fastest growing large economy globally & is improving its rank in various global indicators," he said.

He added that Kenya's economy and infrastructure makes it an influential player in the region.

"Kenya's economy & infrastructure make it an influential player in region. You are only developing country which host Headquarters of UN agencies," he said.

PM Modi acknowledged that India is becoming one of the favoured destinations for African students to live and work.

"Your scholars and students consider India as a very comfortable place to live, learn and work," he said.

He assured Kenya that India will always work to strengthen and enrich its resources.

"I assure Kenya that India will always work to strengthen your processes & enrich your resources," PM Modi said.

India and Kenya signed seven agreements to strengthen ties between the two nations.

The list of MoUs signed between the two nations are: MoU on Defence Cooperation, MoU on Cooperation in the field of National Housing Policy Development and Management and MoU between Bureau of Indian Standards and Kenya Bureau of Standards, Agreement on Exemption of Visa for holders of Diplomatic Passports.

The other agreements include Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income, Line of Credit Agreement for US$ 15 million to IDB Capital Limited, for development of small and medium enterprises [SMEs] and Line of Credit Agreement for US$ 29.95 million to the Government of Kenya for upgrade of Rift Valley Textiles Factory (RIVATEX).